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that the global economy has weakened further and now predicts slower growth for the next year. the advanced economies like the u.s., imf saying growth now too slow to make a serious dent in unemployment. meantime the imf predicting growth will begin to slow down in emerging economies such as china. the global forecast now at 3.3% for this year. by the way, that is down from the july estimate of 3.5%. >> you can call it general feeling of uncertainty about the future. worries about the ability of european policymakers who controlle euro crisis, worries about the failure of u.s. policymakers to agree on a fiscal plan. >> as for greece, the imf sees athens missing that five year at the time reduction target that underpins the euro bailout. so they could have problems. and also warning that spain will likely miss its targets in 2012 and 2013 and debt will jump to more than 90% of gdp as it recapitalizes its banking sector. joe. >> i'm looking at an interesting piece on the imf. what got me is that it will slow to 3.3. and what that shows you is the contribution from developing nations. >> china
agenda. joe biden and paul ryan clashing on on the economy and the mideast. we'll bring you highlights. plus everyone from washington to wall street is still buzzing about a cnbc exclusive. as the fiscal cliff near, steve liesman sat down with lloyd blankfein, alan simpson and irs skin bowles. >> people won't understand how critical this time in history is. we have $7.7 trillion worth of economic events that will hit america in the gut in december. and in washington they're doing nothing about it. nothing abit. we should be asking these guys running for president and every guy running for congress what are you going to do? >> we're accepting the challenge to do something about the looming fiscal cliff, so this morning we will ask each of our guests about the stakes and consequences for action and inaction. blankfein predicts that there would an huge positive impact on the economy and the markets if a bipartisan compromise is reached. he says he would be a buyer of the market as a result. plus andrew has a great line of corporate leaders. >> thank you, becky. and did you a remarkable jo
what they feel about the economy already. they're living it every day. so because there's a headline that says 7.8, it's a talking point, but they already know what their friends and neighbors are doing. >> when do we find out how romney is fun raising compared to that 180 million or whatever? >> i think if it was so par with obama's, we would have heard already. i think it's probably behind. >> you don't hear that that's unbecoming to have so much money to spend. just don't hear -- it's alway s the republicans. >> it's not decided by money. nice to have, but there is saturation information for the small number of swing voters. and even if obama beat romney by 20, 30 million, that won't make the difference. obama will have to improve his performance in the debates. >> a gallup poll has romney and obama tied at 47% each. >> that's early for gallup. >> right here. >> their daily track comes out at 1:00, but this could be a different mole. i'm not aware of this new poll. >> this is one they took afterwards. it's just -- >> i'm hearing about it for the first time. >> i think it just hit
about china's slumping economy and that's probably the bigger and more important piece of all of this. the ceo cautioning that the company's noticed a slight slowdown in some regions and end markets, namely china, lowering those expectations by a percent across the board. let's talk about where shares of alcoa are going. they have risen, though, in after hours. the company is raising its four-year outlook after sales held up despite cooling economic growth, shares rising on the news after the bell. and early this morning, costco out with its results. the warehouse operator's earnings and sales beat estimates, joe, so are you a costco -- >> never been. >> never been to costco? >> i don't shop, though, andrew. you've been? you need a truck to bring your toilet paper snohome? >> you've been to walmart? >> i've been to walmart a couple times. >> i'm not a huge shopper. >> jim cramer is a huge costco fans. they have all kinds of scavenger hunts you can go on to find all kinds of good deals. out with better than expected earnings. >> every quarter since its first, you always see the financi
season? >> 7 in 10 consumers feel like the economy is abysmal. only 3% felt like things were going well. and one in four american parents felt like they weren't going to be able to buy everything for their kids that they wanted this year, which is depressing. the other thing that's interesting, national retail federation came out with a study saying spending will only be up at around 4%, and that's at around $600 for a family. so don't expect big increase in spending this year. >> cotter, thank you very much. appreciate your time. >> thank you. >>> coming up in just a bit, the s&p is coming off four straight days of losses. we'll ask scott nations in the bulls can turn that trend. but first as we head to a break tar take a look at yesterday's winners and losers. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accou
Search Results 0 to 4 of about 5